14 Best Cheap Stocks to Buy for Beginners

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1. Capital One Financial Corporation (NYSE:COF)

Forward P/E: 12.76

10-Year Revenue Growth: 9.18%

Number of Hedge Fund Holders: 132

Capital One Financial Corporation (NYSE:COF) is one of the best cheap stocks to buy for beginners. In a report released on September 10, Sanjay Sakhrani from KBW maintained a Buy rating on Capital One Financial Corporation (NYSE:COF) with a price target of $260.00.

In its fiscal Q2 2025 results, Capital One Financial Corporation (NYSE:COF) announced net loss of $4.3 billion compared with net income of $1.4 billion in the first quarter of 2025. Adjusted net income for the quarter was $5.48 per diluted common share.

Capital One Financial Corporation (NYSE:COF) provides financial products and services. The company’s operations are divided into the the following segments: Credit Card, Consumer Banking, and Commercial Banking.

While we acknowledge the potential of COF to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than COF and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

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